Local experts detail Nobel Prize winning material

Image of a point defect in graphene that has been epitaxially grown on 6H-SiC(0001) (Nathan Guisinger, EMMD Group)

When Nobel season rolls around there’s a good chance area universities will be in line to win some. Northwestern economics professor Dale Mortensen is among them this year. The laureates’ search market theory helps explain the efficiency of recruitment and wage formation. For his part, Mortensen expanded the framework to the labor market. This helps to understand the ways in which unemployment, job vacancies, and wages are affected by regulation and economic policy.